Evening Star Newspaper, June 22, 1932, Page 15

EVENING STAR 2 —= N. Y. CURB MARKET Reteived by Private Wire Direct to The Star Office. THE 1932. FINAN BONDS ON N. Y. STOCK EACHANGE Received by Private Wire Direet to The Btar Office. Bans. Hish. Low. Close Int Tel&T ¢%u'sh. 11 22% 21 2% MTaTINe S 18% 18w 18y mTa 0828 r 85% 85 65 64% 48% 47N 6l 61 s 31 92% 92 55 54 38 38 83 824 8l 81% 1716 o 4 8% % 6% To% RO%, 808 51 51 8% T3% D. €, WEDNESDAY BURB SHARES HOLD T INNARROW RANGE i Hoover Proposal for Arma- 4| ment Reduction Proves 6 7 8’ ClAL, *%% A—15 NEW STOCK TAXES MAY HIT “SHORTS” Bear Operators Likely to Be Penalized in Retaining Positions. JUNE BONDS IRREGULAR INACTIVE MARKH U. S. Long-Term Issues (:on- tinue Gains—German Group Lower. UNITED STATES. (Bales are in $1,000.) Migh Lew. 1014 1011 1012 7. 100 16 100 10 100 10 1nt 4%ca 32047 10118 1018 10118 4th 45 33-38 10214 10212 10212 81951-55.... 9231 9226 9227 Hs1946-49.. 947 s M. 982 %sJ40-43.. 9818 9731 and Bam— i Rate. Ad. 8. High Alabam Pw pf (6).. 408 Alabam Pw pt (7). Aluminum of Amer lWl Alum Co. Am pf(3). Alug: Good Am verag! Am Cit PAL A (A‘). AmCities P& L B. Am Cyana Stock an flb— Low. muu Dividend Rate mgh tov. Clest Lah Coal &N ). Lone Star G (b8#e). Long Isl Lt pt (7). 108 Mass Utll ev pf 2% 258 Mercantile Strs (1) Midl West Utilities Mountain Pgod 80¢ "a.sst:_:_ Z2E] §88 s _..._- s2atus oF! 80 by & Kan C P&L 43881 15 Kah City Sou 38°50. 1 Kan City Sou 5s'50. l Kan City Ter ¢5'60. 29 Kah G&R 43| [ Karstadt 8843 H Kreage Found 6336 Krsug & Toll sa'69. Lack 8t1 55 A '50... Laciede Gas 58°3 Laclede 5 (3 B, Bullish Factor. . ”l! /) 1 9728 9781 9929 9930 10211 10212 1 104 28 104 28 Bales. Righ. Low. Closs, Abitibl PAP bs'83. 1y 14 14% A'leghany Cp 13 12 Alleghany bs ™ Alleg! 3 E Ni Natl Investors. . 1 Natl PwaLt pf (§) 150s New Eng Pw pf (8) 508 Newmont Mining., 1 Niag Hud Pwr(n).. 1 Niag HPwrAwsn @ 1 North Europ Ofl... 2 Nor Ind Pb Sve pf 6 258 Pan Am Afrways. . Pandem Oil Patterson Sarg (1). Penroad Corp Ploneer Gold (12¢). Radio Prod Reliance In Anthony Gold t Regis Paper Salt Creek Prod (1) Schulte Real Estate Secur Allied (1)... Select Indus (new) Smith (A 0). SW Bell Tel p Stand Ofl Ind (1).. Stand 01l of Ky 1.20 Stand PEL pf (7). Stand Pub SrvA... Swift Intl (14).... Tampa Elee 2.24. fri-State T & T pf. Ungerlelder Fin, .. Union Am Inve:t. . Un Gasof Canada.. | United Corp war. (4 12 7 BY JOHN A. CRONE. | Bpecial Dispateh to The star. 5%i:| NEW YORK, Jjune 22.—Prices on the 23% | Curb Exchange firmed slightly around L mid-day, following the Huover proposal of a 333 pér cent armament recuction. z! Previous to this announcement the ‘4| market was quiet and inclined toward % | lower levels. 2] " Sectiic tona & hare common at 14{6'; around noon was off %. Citles Setrvice at 2 down !3. Electric Bond & Share $5 preferred moved from 19 to 21 and then reacted to 16'3.) Standard Oil of Indiana was virtually | unchanged at 18. | The dividend news during forenoon tnd!;xg generally was constructive, Hartford Gas ordered an extra 50-cent | esebrongh (16 common dividend. Oblo Brass paid lhe‘ Citles Service. 'i.) regular quarterly preferred, as did s S, Bakeries Inc. Preferred and J. S Col G & E cv pf (5) B0 Young Co. common shares. General | Col Ofl & Gas vtc. Firsproofing, howéver, omitted its pre- Comwth Edisen (8) ferred. Consolidated Mining & Smelt- Comwith & Sou war ing of Canada deferred action on the Cons Gas Balt 3.60. 23:2 | $1:25 semi-annual due at this time and | Cord Corp. . Atihibon vk 231, ]so did Regal Shoe on its 7 per cent pre- | Craols Petroleum. ERIRoR Lkl E 967 | ferred. Hibbard, Spencer Bartlett & Crocker Wheeler. .. -:'“:nl -ns 3 t H “ZI,; Co. halved the monthly payments to 10 | Crown Cork Intl A, e 3 7414 [cents, but Republic Stamping & Curtiss Mfg A e 6. | Enameling ordered the regular 25-cent| peere & Co. AR Ty quarterly. Duke Pow (5) Arundel Corporation, which reported | gi2 "2 T BREOIstan-al.... five months net earnings of $800.583, or | gI3 AT Fiec Corn.. Baowsa. 8 drop of 31 per cent from the same | i Bea ast (’5‘; s 1 s gow l“éep(foréc;dyj' broke 9 points on its initial | BlecB &St (8).. By the Associated Press. NEW YORK, June 22.—Wall Street “undrred today what effect the higher ‘ eral stock transfer taxes might have = ea(the already diminishing short in- The new rate. which went into effect yesierday morning, increases the tax 100 to 150 per cent. It puts a tax of 4 cents a share on stocks selling at $20 Z:HIX:‘SS lgg 5 :;1’1'.! _}h.lhlre on stocks | g above e previ | had been 2 cents flat. it As a result of this higher rate, it was . | pointed out, shorts stand a likelthood 5| of having to pay multiple taxes in order to retain their speculative positions. Frequently, loans of stocks are called, necessitating dellvrry against which a short commitment is made to the stock loaning corporation. Whenever a new 1, | loan of stock is made to the operator on L | the short side an additional stock tax | must be paid. With this mulllfle tax charge hang- ing over their dealings, shorts also face | the likelihood at any time of finding |stock loan rates go to a premium. A | premium s a daily charge imposed by the stock loan corporation before it will |lend stocks to speculators for the de- | cline. These charges frequently run from 12i; cents to more than 50 cents a share a day whenever the short posi- * | tion becomes crowded. The short interest has been covering in recent months. At the end of May | the aggregate short interest as report- ed by the New York Stock Exchange g | Was approximately 2,000,000 shares Earlier this vear the total approximated (223 BY F. H. RICHARDSON. Bpecial Dispatch to The Star. NEW YORK, Junme 22—Bonds were irregular in moderately active trading today. The market opened steady except in the foreign department, where there | Allis-Chalm 5s'37. was some selling of German dollar de- | Am F P582030.... 4 scriptions. ~ Premier Herriot's state- | Am 1 G Ch 6145 '48. Aa ment on disarmament and Rmnflons!Am IntI64s48. .. Ath Sup’pwr 18t pf.. 1 ’ Am Superpower pt, 3 D Fm>>. AS0GAEA D% . Atlantie Coast Fish Atlas Utllities. ... Bénef Ind Loan 1% Blue Ridge | Blue Ridge cv pta Bourjois Inc(k26c). Buft N&F, pt (1.80). Bulova Watch cv pt Cable &Wire,B rcts Lautaro Nit 68 '54. Leh Val cn 55 2003. Leh V en 4%s 2008 Ligd lnr-i 1 13. £3 orto Bnots 01 s 08 e RIS 000000 ,.____== Ton 99 was construed as reducing the chances | Am Metal 5145 '81. for a favorable outcome of the Lau- | Am Smé&Ref §s 47 sanne Conference. Since German gov- { Am Sux Ref 6s 37, ernment issues had had & recovery of | Am T&T ¢348°8).. 8 to 16 points, there was a substantial volume of profit-taking by speculators. Young pien 5's8 were forced down 2 points by midday and there were losses of a point or more in Dawes reparations 7s. German Oentral Bank issues, and German corporation and municipal ob- ligations. This served to unsettle the rest of the European list. The somewhat better statistical po- sitior. of wheat and the firm tone in the world’s commodity markets were reflected in quotations for the bonds of Australia and other agricultural countries, such as the Argentine, Brazil and the Central American re- publics. United States Government long-term bonds continued their improvement. ‘The advances were again small, but were continuous. Short-term Treasury bills, notes and certificates were little changed. Money rates were the same as on Tuesday. In the corporation list considerable frregularity developed. The declines 2 1 4 5 6 i Long Isl rf 434 Lorillard 7813 LadArkis't) it i % 15‘ 5555 Am Wat Wks 5234 Argent 65’ 61 May. Argentine 83 '§9 Ju Argentine 82 '§9 O¢ Argentine AT, Argentine 63 B ‘88 Arm & Co $148°89 Arm Det 5348 A Atchizon gn 18 35, JAICLecld4s'52... Atl GuIf&\WI 6n'E9. Atl Ref db 58 ‘37 1040 104% sy % R a i -~ Gas 88 t Ul Tine 88 A H Bo-(gn s: TS a oo onsor DB orasenes! 7?”“‘792‘;’99929 T Pt | United Gas pf (7)., | Unit LtaPwr (&), "Imtll&lurp( | US Linespt. EHIPEEL. .. | Walker (Hiram Fheds 3 Dlinois P & L5125 37 } Indoap P&L S5 A 57 1Int Pw 5, % in preterred stocks unsettled bonds whese service is not covered by a wide margin by earnings. Western Union 5s. for instance, lost a point. Phila- hia & Reading Coal & Iron 6s Columbia Gas & Electric 55 were lower. New York City traction bonds were still under accumulation. with Inter- borough issues leading the way. A few industrials, such as Texas Corporation 5s, Standa™ Oil of New Jersey 5s, Na- tional Steel 55 amd Allis Chalmers 5s, and utilitie: like New York Telephone 4';8 and American Water Works 6s were firm t6 a shade higher. American “Telephone 5s and 51.s eased, reflecting a new low in the stock. Railroad issues were irregular. Municipal bonds were firm. The guperintendent of banks in New York State, according to officials of banks here, has advised State chartered banks and trust companies that for the pur- pose of examination by the anking de- partment the principle of disregarding market prices of bonds in cases in which these figures are below intrinsic values, which has applied to bond in- vestments, will be extended to collateral held by banks against loans. This is expected to emse pressure on all de- partments of the bond n\a—ket MACHINERY BUSINESS IS SHOWING DECLINE Bpecial Dispatch to The Star. NEW YORK, June 22.—Inactivity throughout all machinery centers would | indicate a Summer dull period, if such a condition can be conceived in the light of recent low-level industrial op- erations, reports American Machinist. Whatever buying is being done is large- ly confined to Government projects. Detroit now is convinced that the present is not auspicious for introduc- tion of new models, and efforts will de- ferred until late Fall for another start. Dealers and job shops appreciate the situation. Cincinnati reports that used tools are being bought as stop gaps. Pacific Coast dealers remain hopeful, but stock goods are hardly disposable. New England has not been able to ob- tain orders, particularly from automo- tive sources. Chicago is just as dull as usual. New York went for a whole week without an order, and inquirles are about as scarce. anmess Failures. NEW YORK. June 22 (#).—Business insolvencies for the week ended June 16 totaled 564, compared with 555 in the preceding week and 482 in the like 1931 week, rnfi(mt’s reports. Washington Smck Exchange SALES. ‘Washington Gas 6s A—$100 at 98'¢ Potomac Electric 515% pfd.—10 at 102 10 at 102, 10 at 102, 5 at 102. Potomac Electric 6% pfd.—10 at 108'%. Bid and Asked Prices. BONDS. PUBLIC UTILITIES Bid. Asked. & Tel 4%s '89..... W Tel ctl. tr. Amer_Tel. Am. Tel & Anacostin & & Capital Traction City & Suburban Georgetown Gas Ist & Potomac Elec. Cons. Potomac Electric 65 1883 Wash. Alex. & Mt Vernon ctf Washington Gas 4'as Washincton Gas 5 Wash. Gas 65, ies Wash' Rwy. & Elec. 4s mmmmus Barber & Ross, Inc.. 6 Chevy Chase Club * Col. Country Club_ 5 Washo Mit. ‘cotd Storase 5 “Ejec. Power Pot. Elec. Pwr. £'2° fl Wash. Rwy. & Elec. com. (7) Wash. R%y. & El pfd. (5) o Ihe following feures are not bids but represent minimum prices fixed by The Washinston Stock Exchante. NATIONAL BANK Min. price. by Pot Capital (18) Columbia (127 Commercial (stamped)’ (10) District (8) Fed -Amer Nail. Bk. & Tr Liberty (76).. . Lincoln (10) : Metropolitan’ (1) Riggs (15). 5 cond _(9e) ashington (12). TRUST commfl. Amer Sec & Tx, Co, (15). At Sav. & Tr. (1211 Erinice georses BK. & @ Unton Wash Lown & Trust (14} SAVINGS BANK Bank of Bethesda (65) Com. & Savines (10) T East Washington (12, Potomwac (10 X3 Cnm |Bi. dn) P Mechanics (20) FIRE INSURANCE. American (12) Corcoran (10).. iremen’s_(8. ational Union (18). TITLE INSURANCE. Columbia (6h) Real Estate (8h) MISCELLANEOUS. o), Medical Blds, Corp. (6). c. i Mergenthnler Linowype (160 Natl Mtge. & Inv brd. (8) PwpleE ‘u tores rid e (3 TR OWh Corp. 131 The, Carpel, Corp () : Mech Mtze. com. Wadh Med: Bide "Corp (7 ‘Woodward & Lothrop com ‘Woodward & Lothrop pfd *Ex dividend. Books closed. extra. extr o extra ella% extra. 120/ 820 extra 105 5% extra. s, A &Orefs & O ret 5 D 20 B&Oref§3C B B B Belgium 78°55 Belzinm 7s '56 Bell Te) Pa b8 B'48 Bell Tell Pa §s C'60 Benef Loan 65 '46 Berlin Cy El Beth St pm Bolivia 75 5 Bordeanx 6x '8 Bos & Me 4% | Bos & Me Bos & Me §: . Brazil 648 '26-'57 .. Brazil 61s°27-'57, Brazil 8s 41 Bremen 7 Bklyn Ed 58 A Bklyn Man 68 A Bklyn UnGasys. Buaa s 8 Buff Gen Fl 4% | BR&Pitts 4%3'57 Canada 4s 60 Canada 434 Canada 5s '52. Can Nat Ry 4% Can Nat Ry 414 Can Nat 413s'68... o Can Nat 58 69 July Can Nat 5889 Oct. Can Nat 63°70 Can Pacdb 4 Can Pac 4%s Cent Pac 5360 Cen Ry NJ g §s '!7 Cert-td db 514848, Ches Corp 5847 C&Ogen 4%s'92. 3 N : 7 2 2 3 8 3 8 3 1 ‘ 5 3 1 H 2 3 2 3 s E CB&Q 114V 3% a4d Chi & Est I11 58" Chi Grt West 4 C M StP&P 53 CM&StPadj5s.. Chi&NW 4348 C 31 Chi & NW 4% 549 Chi&N'W rf 68 2037 Cht RI&P gn 4s '88. Chi RI&P rf 4534, ChiRI&P 418’52 ChiR14%s 60 CTHASE in 53 '60 Chi Un St 5844, ~hi Un Sta 6s B'63, Chi Un Sta 614883, C& W Ind 5%s'62. Chiie 88 80 . . Chile 6s°61. Chile s 63, Chile Cop db 5547, Chi Mtg Bk 6% s 61 Clev Term 4748 77, Clev Ter 5155 A 72 lmxom- 63550 .. { Colomb 686 Jan Colomb 6s ‘61 Oct.. Colo & Sou 44825 Colo & Sou 41 s ‘80 Col G&E 68 '52 May B éa_wa. Con Pwr Jap 6343, . Cen Pow Japan 7s. Consum Pow bs ‘62 Copenhag 68 '62... Cuba 53438 45. Cuba R R 15t §8°62 Cuba Nor 5% ‘42 Czecho §5°51. Del&Hud ref 4s *43 Denmark 4355 '62.. Denmark & Denmark 6s ‘42. Denver Gas 5s. D&RGren Dodze Bros Duquesne ¢% Friecon 4s°96. Erfecv 4s A 53, Frie 48 B 53 Erie gen 4s Rrie rof 5567 Erieref bs 75 Flat deb 7846 Finiand 5%s Finland 6545 | Finland 6%s ‘56 Finland 7s '60. Fla E Coast 58 French Gov 75°49. French Go T#8'¢1. 42 458 adny 48 3 112% 17 101% 39 Ger Cen Bk 7 Ger Gov kign ¢h.. lls i German 634 ‘68, i German Ren 7a’48. 11\ GondHopeS&1 7845 2 | Goodrich 8& 4 - Goodrich 6%8'47., Goodvr Rub 5867 .. Grand Trunk 7540, Grt Nor 5148 B " Grt Nor en 78°3 Greek 6568 | Haltigs's2....... | Hud & M ad) 68 '67. Hud & M rf bs Humble O11 58 | Humble 0 5% ” i ll\ B!ll Tell 5856 51 tel tr 4 |u Gont 4%s 66 111 Cent 6%s 36 111 CCSt: &N 5s A. TNl Steel db 4%s 40. Inland St 4%= B'81 Int Rap Trrf §8°66 Int Rap Tt 66 kta. nt Rap Tr 6= 82 | Int Match Int Match 5a *47 Int Pap ref 55 A'4T. 101% 35 2314 Mo Pac 153’81 Mo Pac5%s A" Mont Tr ist rf 5 Montevideo 6s Montevideo T Mor&Co 18t 414 Nat Dairy 6% s'¢8.. Nat Steel 53 'S¢ N Eng T 18t 8a°52. N# S Wales 53 '$7. Nw S Wales 858, NYC3ys'et, N ¥ Centdb s N Y Cref 532013 \'Y(‘enldbll'li. NYC&StL« X\Y('b L 4%s 7 4 15 34 3 N Y Edison 53 B'44 NYFEdrf6%s 41, NY EL H&P NY ELH&P 5s Nia Sh Md 5%s Nor Sou ref 5s°1. Nor & Wn cn 45 '36. North Am Co §s Nor Am EB% Not Pacr1 482041, 36 Nor St Pw 5s A "41. 28 Nor 8t Pw 63 B "41. Norway bs'63. Norway 316 Banoon Norway n '52. QroE-Wash 4s el ent Dev 8853 Pac GER B8 12 Pac TAT 1st Pac T&T rf 5353, Paramount s '47. . Param-Pub 5% §0. Paris-Ly M 6858, Paris-Or 5% s Penn nta 48 48 D" » Penn 4%s D Ponm 4% 563 Penn 5364 BuwZ ascsman—nm w o BamenowD Penn PAL ¢%s 81, Peop Gas ref b8'4T. Pere Marn $35°88 M 1%t 5a Pm: LR Peru s 61.. Peru 78’59 Phila Co 6587 Phila Elee ¢s Phila & Read & Phillip Pet 5% BamnB-8 Pos Tél .C'l'il. Prussia 6s°62..... Public Berv 4s°71.. Pure O11 534827 Pure O11 5%8°40 Queensiand 8s‘47.. 13 Queensiand 18°41.. 2 Read gn4%sA97. 1 Rem REYsA'¢Tww 1 Rhinelbe U 78’48 . 3 Rhine Weat 78°50. Rio de Jan 6% s n. RIAr&La%s'8¢ Rome §34s SIL IM R&G 188, StLASF 45 A BiL&SFiRe s, m StL&SF 58 B'50. . St LW 1st b4 'll. SIP&KC SL 4% 241 St P Un Dep 58 72, Sao Pan 784 Saxon P W 6% Raxon 1’48, SeabALrf4 Sarbk-Cr-81 78 Serbs-Cr-S1 8 @hell Un Ofl 684 SRl Uh O58°49ww Shinyetsu (%n »u B, 62, Sine Of1 78 A' 8meCrotks Sinc P L b5 42 geeuvoniy Solasdna 8838, ... Sou Bell T&T 5841 BW Bell T §8 A ‘541 8ou Pae ¢ol ¢s '(‘. N Bou Pae tef 48’5 Sou Pac 4% Sou P 438 €9 Bou Pae 4%4n 81, Bou PROF 4% A'H | Scu Ry gn 48 * Zou Ry 8ot R¥ (H 8 StOIl N J b8 "4 StOlINY 434s Sweden 53870, Swiss 5 %s "¢ Taiwan B Tenn EI P 6 Ter As St L 4 Tex Corp ev b8 *d4.. Tex & Pac 58 B'11. Tex&P§sC'T9... Third Av rf 48 °60. Teb P.NJ 635 203 Toho Bl P¥ Tokio 5148 ‘¢ Tokio BI Lt 8 UE&P 18t § J Un EIPRL re ‘1l"fi on mm Unit DFuE bs Uta King b% ! U8 Rubber & Un B8t W 63, UdBstW muu., . 8% 58% 591 59 4 9% 50 50 6614 6614 1614 154 131 18 320y 102 102 108% 108 93 98 104'% 108% u 3% T34 T 73 as 100% 1008 102 100% 100 100 1813 181 158 15% 108% 103% 5% 858 854 31 301 8T 57K fxw 8B% 4815 48 48 7 a2y 8 4y 454 44y 10% 10% 15% 15% 18y 18 23 BEY 861 6 69 6 65 s 62 7t T2 681 6815 3ty u 24 H 1nter Pw Se 71 B ki 2InterstaPower s 2 Interst P S 4140 89 * 10 Towa-Nb L&P 35 B 1 Manitoba Pa svia ‘s 18 Massachu Gas'$s 'S5 Mass Gas 51 % suldwe 60 Mo 2 Mid West U Sainin G & L be 5n 2 Miss Pow & Lt 5 1Mont L H&P 1 Narragansett 1Nat P&L 6s 10 New En" W s",; 54 2 Nise Patts o 103 1Nor tad P s?:“ 1 e e 28BS 558G 4 114 101'2 s 881y 11s % 55 13 Pus Srd bt Repub G i Remingion 1 Roch Cn, 28afe H W 3 Schulte 28 Scribps 4 Shaw W& . i lg g-. ] #s 30 4 & Baking 65 788 est_Penn 55 2030 462 es Tex Ut 55 A 3910 3 39 is Pub § 5'as B '58 56! 5614 FOREIGN BONDS. g4y §TaTSup Pow & & 108 1 Melbourne 7':8 46 4 Prussin Elec 6s ‘54 hr G Co 8! 1 8 LESEEREINENINILBRARN W% —With warrants xw—Without warrants. n—New, ®i—When ixsubd CHICAGO STOCK MARKET CHICAGO. June 22 ().—Following 8 the complete official list of mnnc- tions in_stocks on the Chicago Stock Exchange today: Bales. STOCKS. mr. 9 mmlnn “corp L3l 9 Low. molt % ' Bomar E Ay : I Bub Ser pt 109 Cent I Sec ‘bt 30 Cent. & S0 West B . 1850 Cities 250 Com with Edis .. 50 Cont Chicago $00 gord, Gorp ok Frsom Boe BTSSRI - - wemaoune & S s FEE =] o BB . SR o $B & PARIS BOURSE PRICES. PARIS, Juhe 22 (#).—Thréé rentes, 73 frants 55 céntimes; cent loan, 97 francs 5 cen! Bxchange on London, ¢entimes. The dollar wht francs 41 centirfes. eent per francs 29 a2 UdSt W6%sC '§| Uppr Austria 7845 Uruguay s '60 Util Pow lu- Vienha i ‘83, Va Ry & Pw §i Va Ryln EaA’62.. Wabash 1st §8°39.. Walworth 6s A "46. ‘Warn Quin 6s 39 Warsaw 7 West Sh 1st 18 West Union 58 West Un 6143 " Westphalia és Wh Sew Mch Wil & Co 1st & Wis CentTm 48 ‘88 Yokohama Ygstn S&° % ‘Bl&me Bond & Share isues Tri-State Telephone preferred, an- other inactive issue, yielded 3 points on a few transactions. National Power & Light preferred rose 3 points, but | Columbia Gas & Electric convertible | preference cancelled all of its gain made in the two preceding sessions. Montreal buying bettered Brazilian Traction, which had reacted to earn- ' ing reports earlier in the week. Ameri- | can Superpower first preferred regained | a point. American Light & Traction, whose directors meeting for dividend action within the next week, was dull, | but steady. United Verde Extension Mining was the only active copper in 'the forenoon | to record a net loss, the others remain- ing unchanged. Consolidated Mining & Smelting Co. of Canada did not im- | mediately respond to a statement, made | in connection with the deferment of | dividend action, that unsold metal | stocks are lower and that estimated first half-year earnings, before de - ation and depletion, show a moderate surplus over operating expenses. i ST T Will Attend 0il Parley. NEW YORK, June 22 m—ch-ru E. Arnott, president. and Harold F. Sheets, vice president of the Socony- Vacuum Corporation, were booked to! sail on the Ile de France for Paris| for a conference of American and Euro- | pean oil producers. Grain Market By the Associnted Press. CHICAGO, June 22.—Still staggerink under the effects of heavily increased | taxes on future delivery dealings. wheat today fell more than a cent a bushel, but later recovered somewhat. i Reports that black rust was in evi- t various places in the Dakotas hel, the market to rally after today’s had broken the season's low rec- Official figures indicated that ,Bm\rd of Trade business under the new Federal taxes had diminished more than 10.000,000 bushels in a single day. Late buying attributed to Eastern in- terests led to fractional advances at the last. Wheat closed nervous, lsalz | above yesterday finish; corn unchanged | to 14 higher, oats !s off to !4 up and | provisions unchanged to 10 cents lower. High all " Al | HE |1.25a1.50: plums, ey e isisy S FOE ishely Special Dispatch to The Star. NEW YORK. June 22 —Fluctuationsy cotton proved the smallest in several tadly and. influenced ter weather in the South, pri and ended 4 to 6 points lower than yes- | terday. Predictions of generally fair weather and lower grain and M‘ markets operated against the market. Spots vm-e Muced points to 5.30. NEW YORK, June 22 (#)—Stocks heavv; several leaders al few lows. Bonds easy; ralls sag. Curb hn\-i Foreign exchanges firm; gold currencles rally. Sugar steady; trade buying. Oogte fmkh selling. | Elec P&L2a pt A 7. Elec Pwr Asso(86c) Elec Pwr As(A)60c Empire G & F1%. . Europ EI Ltd A 20¢ | Fairchild Aviation. Ford Motor Can A. Ford Motor Can B. Ford Motor Franc Ford M Ltd. Fox Theaters (A).. General Alloys. Gn E Lt ret p26 8-/ 6( Gen Theat Eq cvpf. Gold Seal Electric.. Geldman Sachs. Groc Strs Prd vie Hamilton Gas vte. Huyler Stores Del .’ Hygrade Food. .... | Imp 01l Can rg 50c. Int Uil B g Ttalian Superpw A. fiake 3hore M (12% e o NN R - Washington Produce| | [ Butter—One-pound prints, #3 score, | 20; 82 score, 19; standards, 18. Tub, 93 score, 19; 92 score, 18; standards, 17. ", Hennery, 14; current receipts, Pmmry alive—Turkey hLens, 12: toms, %‘ Tooked bieasts, 10: Spring_ broil- ymouth Rocks, 2': pounds and over, 18a20° 2'> pounds and under. 16a | 18; Rhode Isiand reds, 15a17; mixed colors, 14a16; Leghorns, 14a16: hens, colored, 13a15; Leghorns, 12; roosters, 8. Poultry, dressed—Turkeys, hens, 15; toms, 13; crooked breasts, '13; Spring broilers, Plymouth Rocks, 2! founds | ! and over. 21a23; 2'5 pounds and under, 18a21; Rhode Island reds, 18a20; mixed colors, 17a19: Leghorns, 17al9; Leg- horns, 15: roosters, 11: Long Island ducks, 14h15; hens, colored, 16a18 Meats—Beef, 13; veal, 13; lamb, 17; g‘ loins, 14: fresh hams, 1!, smoked | ms. 14; strip bacon, 14; lard, 7; compound. 6': Live stock—Hogs, light, 400a4.20; me- dium. 40024.20; heavy. 3.25a3.75; pigs, 3.5024.00; roughs, 15082.75; calves, 3.0085.50; lambs, 4.00a6.50. Pruits—Watermelons. Georgia, 30- | pound average, 63a75; Florida, 28-pound average, 50a60; cantaloupes, jumbos, 3.25a3.50; standards, 3.00a3.25; honey- dews, 2.50: honeyballs, 3.50; apples, box stock, 1.50a2.00; , South Caro- | bushel baskets, 3.5024.00: apricots, 1.2581.50; oranges, California, 400a450; lemons, 4.00a4.50; t limes, per 100, 2.0002.50; figs. 1.00a1.25; pineapples, 250a2.75; alligator pears, 130a1.75; cherrfes, Californis, 3.00a3.50. Vegetables—Potatoes, new, per barrel, 2.50a3 old, 100-pound sacks, 1.00a 1.25; sweets, 50865 tomatoes, 1.50a200; string beans, 25a75: limas, 2.00: peas, | 250; squash, 1008135 kale, 50a60; soinach, 1.00a1.25; squash, 50a75: cu- H Ilsmber* 50275 carrots, ger 100 bunches, beets, per 100 bunches, 4.50; corn, berg, 5.0025.50; homegrown, 1.00: pep- pers, fancy, 4.50; cholce, 2.00 nnL 2350 asparagus, 1.0082.00; caui 2.0082.25. Market Averages By the Associated Press. g, 5. Lt P oot g F3aZgaiitasund LRttt bind =3 2% [ 5¥s 8 23 ) £ S asesamar anaad BasS 22z 22387 CHICAGO, June 22 1?} —Wheat stenuy Islncl run h@{ts North Da- m A :ym dy Tnarket &‘Hmve nnd unmm. e o ahveny o —_—— hurch 8f land mce\’u‘m mnglmzo in JOHN JOY EDSON, President 3 S weinamir® sonivol | 410 i " 000 head: First Mortgage Loans Lowest Rates of Interest and Commission 5208 YEAR CO Equitable Co-OperaAg!e E\l‘ck Ass’n Assets. . -io. 56,287, 76280 Sebeeiptons for the 103rd Iiwe of Stock Being Received Join the Equitable’s Plan of a success, in and let’ Systematic Savings Many who today enjoy prosperity adopted the systematic saving plan of the Equitdble. If you would be first learn to save. Cotne 1 fllfllmll_[mlmllllmullllllm Il s talk it over. 915 F St. Westn Md Ry Tt 25 h‘ Wil-Low Cafeteria. 1 “Y" Oll & Gas..... 1 ._‘ Dividend rates In doilars based om last auarterly or semi-annual . payment. SEx | Partly extra u;nu 3%, 1o fock. | o in POREIGN EXCH iN GE. (@uotations furnished by W. B. Hibbs & Co) | Nominal old Selling checks s- aw- pest. pengo. . ue, crown (nom. arsaw, zloty Cownralrn Oslo. crown | Stockholm. ero 6 8c Montreal. 13%7 discount — e EARNINGS REPORTED. NEW YORK, June 22 (#) —Reming- ton-Rand, Inc.. had net loss of $3.035 - crown. . | 733 in the fiscal year ended March 31, against profit of $1410,819 in the pre- vious vear. Floresheim Shoe Co. had net profit of $3,740 in the six months ended April 30 B g =5 Electricity Production. NEW YORK, June 22 (#) —Elec- { tricity output in the United States for the week ended June 18 registered a de- | crease of 105 per cent as trvmp.nd’ with the same week a year ago, | cording to N. E. L. A. In the preceding week a decrease of 11.5 per cent was | reported. | CHICAGO LIVE STOCK MARKET CHICAGO. June 22 (® (United| States Department Hogs—Receipts. 3,000 direct: active, strong to 10 higher; heavies up most: 180-250 pcunds. 4.00a top. 410; 260-300 pounds, 3.65a ( 1405: 140-170 pounds. 36524.00: pigs. 3.35a3.65: packing sows, 3.00a350: light light. good and choice, 140-160 pounds, 3.65a4.00; light weight, 160-200 pounds. 3.75a4.10; medium weight, 200-250 pounds, 3.95a4.10: heavy weight, 250- 350 pounds, 3.7524.05; packing sows, medium and good, 275-500 pounds, 2.90a | 355; pigs, god and choice, 100- 130 pounds, 3.25a3.75. Cattle—Receipts, 8,000 head; clh'n' fed steers and yvearlings moderately active and mostly strong: instances higher on bet- ter grades; weak to shade lower on | common and medium grade offerings 1825 paid for yearling steers: bect | weighty steers, 800 most grassy offer- ings, 600 down; strictly grain feds, 7.0028.00. Slaughter cattle and vealers Steers, good and choice, 600-900 pounds. 7.0028.25; 900-1,100 pounds, 7.00a8.25; 1,100-1,300 pounds, 7.0028.25; 1.300-1,500 pounds, 7.0028.25; common and medium, 600-1:300 pounds, 4.2527.00 Heifers, good and choice, 550-850 | pounds, 6.00a7.00; common and me-| dium, 3.7526.00; cows, good and choice, 3.2525.00; common and medium, 250n 338 low c;l‘l!zr and cutter, 150a2.50; ulls (vearlings _excluded), good and | choice (beef), 3.25a4.75; cutter to me- dium, 2.75a3.40; vealers (milk fed), and choice, 6.00a7.00; medium, very uneven; ‘g.smu.oo; cull and ccmmon, 4.0025.50; stocker and feeder cattle steers, good and choice, 500-1050 pounds. 5.00a6.25; common and medium, 3.5025.00. Sheep—Receipts, 11000 head; slow, weak to 25c lower than yesterday’s best gfl good to choice native lambs, 7586.25 to packers; few closely sorted lots, 6.5026.75 to outsiders; rangers un- | sold; lambs, 90 pounds, down, good and | choice, 5.7526.75; medium, ' 5.0085.75; | all weights, common, 400a5.00; ewes, ds, mediur to choice, 1.00a weights, cull and common, 4,000,000 shnres BALTIMOI“- QTOCK Special Dispatch ta The BALTKMORE June 22— Seles 155 Arunder Corporation Lact sales 20 Consolidaied Gas rom on Ofl pfd. 'y Amsterdam U § Fidelity & G niged, Ruy & e o 100 A Rnl-xy fisd 0.8 TBEASUBY CEBTIYICATES (Reported by Chas. D. Barmey & Co) Rate—Maturity Bid. 1. 199 100 100 100 15% 3 Real Eetate Service Since 1906 FIRST MORTGAGE NOTES Maximum Safety and Yield From NON & LUCHS 1135 K St N.W. ENTERPRISE SERIAL BUILDING ASSOCIATION 7th and Indiana Ave. N.W. Shares of Stock $1.00 Each, Payable Monthly. 5% paid on stock withdrawn 68th Series of stock now open for subscription nelly, Preciaea James £ ® Secretary A (knerous Return on Your Investment Combined with Safety, when you : BUY OUR FIRST MORTGAGE NOTES Secured on new brick homes in preferred morthwest vesi- dential sections. Every mort- gage protected by fire insur- ance and tifle guarantced by responsible title compames. Cons vltiv. Appraisals |r|lnr- olute 8. IN DENDMINA‘HON! OF $250 and upwards BOSS & PHELPS 417 K St Realtors. National 3300 Installment Payments The Metropolitan L:l;e Insut- ance Company Real Estate Loan Plan enables the home owner to make small periodic payments for a period of fifteen years with the privilege of prepaymehnt on due dates after three yeats. Consider the advantages of this plan and give us an oppor tunity to discuss other impostant features with you. EAVER BRO REALTORS shington Building Mortgage Loan District 9486 Correspondent Metropolitan Life Insurance Company fioans sade t the District of Columbia and m-rhv and Virginia